Business Specialties
ARC to Sell Multi-Tenant Shopping Center Portfolio to Blackstone
Looking to pay the bill for the Red Lobster sale-leaseback deal, American Realty Capital Properties said it intends to sell most of its multi-tenant shopping center portfolio to a Blackstone fund for $2 billion in cash.
International: Salvo to Develop $259M M-F Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on building affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million multi-family tower in Melbourne.
Michelin Inks 1.7 MSF Lease at RidgePort Logistics Center in Chicago Area
Tire-manufacturing giant Michelin has entered into a build-to-suit agreement under which it will lease 1.7 million square feet of distribution space at the RidgePort Logistics Center in Wilmington, Ill.
Executive Spotlight: John Hammill, Capview Partners
John Hammill and partner Ken Shulman set their sights on becoming the leading investment and consulting firm focused strictly on single-tenant net lease properties. The result was Capview Partners. Hammill talks about opportunities in the space.
RECon Special Report: Top Executives Offer Retail Insights at Annual Marcus & Millichap Event
A diverse lineup of executives created a snapshot of a resurgent retail real estate sector at the annual panel discussion hosted in Las Vegas by Marcus & Millichap.
International: Prologis to Develop 3 New Logistics Facilities in Japan
Leading owner, operator and developer of industrial real estate Prologis is set to build three new inventory logistics facilities in the Tokyo area.
RCS Capital to Acquire Strategic Capital Cos.
RCAP has entered into a purchase agreement with Validus Strategic Capital Partners, which owns SC Distributors, a wholesale broker-dealer of alternative investments, and Strategic Capital Advisory Services.
Parkway Properties Taps Transwestern to Lease 346 KSF Office Complex in Miami
Parkway Properties has hired Transwestern to lease Courvoisier Centre, a 346,000-square-foot office building located on Brickell Key, Miami.